Home prices climbed continually over past year

Most Read

While it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. This misconception is perpetuated by timeshare companies and user groups that are funded, maintained and controlled by the timeshare industry.

The FHA 203k loan program provides home buyers the opportunity to buy and fix up a property, without exhausting their personal savings.

Home prices continuously increased over the last 12 months, according to data from S&P CoreLogic Case-Shiller Indices.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.6% annual gain in November and a 5.5% annual gain in December’s 5.5%. The index’s 10-city composite showed a 4.5% annual increase – up from 4.3% the previous month – and the 20-city composite was up to 5.3% from 5.1% in October.

Among the 20 cities, Seattle, Portland and Denver had the highest year-over-year gains over the last 10 months, with Seattle in the lead with a 10.4% year-over-year price increase. Portland came in second with 10.1%, followed by Denver with 8.7%.

Month-over-month, before seasonal adjustment, a gain of 0.2% in November was reported; the 10-city and 20-city composites also gained 0.2%. After seasonal adjustment, the index reported a 0.8% increase, while both city composites reported a 0.9% increase.

“With the S&P CoreLogic Case-Shiller National Home Price Index rising at about 5.5% annual rate over the last two-and-a-half years and having reached a new all-time high recently, one can argue that housing has recovered from the boom-bust cycle that began a dozen years ago,” said David M.
Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices. “The recovery has been supported by a few economic factors: low interest rates, falling unemployment, and consistent gains in per-capita disposable personal income.”